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    Compute Mean, Median, Modal Selling Price, Range, Deviation

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    66.) 3.44 3.42 3.35 3.39 3.49 3.49 3.41 3.46 3.41 3.49 3.45 3.48 3.39 3.46 3.44
    a. What is the arithmetic mean selling price?

    b. What is the median selling price?

    c. What is the modal selling price?

    69.) 32 21 60 47 54 17 72 55 33 41
    a. Compute the range.

    b. Compute the mean deviation.

    c. Compute the standard deviation.

    73.) 9 195 241 301 216 260 7 244 192 147 10 295 142
    a. Explain why the flight times are a population.

    b. Find the mean and median of the flight times.

    c. Find the range and standard deviation of the flight times.

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    Solution Preview

    .) 3.44 3.42 3.35 3.39 3.49 3.49 3.41 3.46 3.41 3.49 3.45 3.48 3.39 3.46 3.44

    First arrange the data in the ascending order:
    3.35
    3.39
    3.39
    3.41
    3.41
    3.42
    3.44
    3.44
    3.45
    3.46
    3.46
    3.48
    3.49
    3.49
    3.49

    a. What is the arithmetic mean selling price?

    Mean = Sum of data/Number of data = 51.57/15 = 3.438

    b. What is the median selling price?

    Median = Middle most data value = 8th data value = 3.44

    c. What is the modal selling price?

    Mode = Most frequent data value = ...

    Solution Summary

    The expert computes mean, median, modal selling price, range and deviation. A complete, neat and step-by-step solutions are provided in the attached file.

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